2030 Young St, East Troy, WI 53120
- Industrial properties
- 5.00 lot acres
Current Use by Public Records
- Moxness Products, Inc. / Industrial Manufacturer / Production Facility
Property Details for 2030 Young St
- Lot size
- 5.00 lot acres
- Property type
- Industrial properties
- APN
- RXUP 00209B1
- APU
- RXUP00209B1
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 16, 2009 | $1,300,000 | 2030 Young Street LLC | Thistle Leasing LLC | Warranty Deed | $3M · First Federal Bank Of The Midwest |
Description
This exceptional investment opportunity presents a 34,226-square-foot single-tenant industrial property located at 2030 Young Street in East Troy, Wisconsin, 53120. The property, built in 1973 and renovated in 1998, boasts a 17-foot ceiling height and features a single, one-story building situated on a parcel zoned M2. Currently occupied at 100% capacity by Thistle Molded Group under a Net Lease (NNN) agreement, the tenant recently renewed their lease for a full 10-year term, providing significant lease stability and a predictable income stream. The lease includes rent bumps, further securing future returns. The property offers 63 parking spaces for employees and visitors. This Class C industrial building provides a strong 8.00% cap rate on the asking price of $2,750,000. The long-term lease, coupled with the tenant's established presence in the molded plastics industry, makes this a low-management, high-return investment opportunity. The property's strong financial performance and secure tenancy make it an attractive addition to any portfolio.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- East Troy
- County
- Walworth
- State
- Wisconsin
- Longitude
- -88.3952
- Latitude
- 42.7875
- CBSA code
- 48580
- CBSA name
- WHITEWATER, WI MICROPOLITAN STATISTICAL AREA
